Global Payments Inc. $GPN Shares Bought by Westpac Banking Corp

Westpac Banking Corp raised its position in Global Payments Inc. (NYSE:GPN) by 5,795.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,182 shares of the business services provider’s stock after buying an additional 56,212 shares during the period. Westpac Banking Corp’s holdings in Global Payments were worth $4,426,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GPN. Factorial Partners LLC lifted its holdings in Global Payments by 2.9% in the fourth quarter. Factorial Partners LLC now owns 36,000 shares of the business services provider’s stock valued at $2,786,000 after acquiring an additional 1,000 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in Global Payments by 1.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Global Payments by 0.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 759,191 shares of the business services provider’s stock valued at $58,761,000 after acquiring an additional 6,084 shares during the last quarter. Peapack Gladstone Financial Corp lifted its holdings in Global Payments by 6.6% in the fourth quarter. Peapack Gladstone Financial Corp now owns 20,981 shares of the business services provider’s stock valued at $1,624,000 after acquiring an additional 1,300 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its holdings in Global Payments by 31.1% in the fourth quarter. MUFG Securities EMEA plc now owns 67,705 shares of the business services provider’s stock valued at $5,240,000 after acquiring an additional 16,061 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Down 1.8%

Shares of NYSE GPN opened at $74.09 on Wednesday. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of -36.32, a PEG ratio of 0.42 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 52-week low of $62.45 and a 52-week high of $90.64. The business’s 50 day moving average is $69.31 and its two-hundred day moving average is $73.51.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts predict that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s payout ratio is presently -49.02%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday. Argus decreased their price objective on Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. UBS Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Global Payments in a report on Thursday, May 7th. Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, BNP Paribas Exane decreased their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $84.29.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.